USD/CHF may fall 26 - 46 pips

Pivot

0.8965

Our preference

Short positions below 0.8965 with targets at 0.8910 & 0.8890 in extension.

Alternative scenario

Above 0.8965 look for further upside with 0.8985 & 0.9000 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.9000

0.8985

0.8965

0.8936 Last

0.8910

0.8890

0.8855

Number of asterisks represents the strength of support and resistance levels.